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SECURITIES

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Times Staff and Wire Reports

NASD Selects Enforcement Official: The National Assn. of Securities Dealers named Barry Goldsmith, the Securities and Exchange Commission’s top trial counsel, to its new position of national enforcement director. The post was created last month by the new regulatory board of the NASD, the self-policing industry body, as part of a broader effort to crack down on problem brokers. Goldsmith, who has headed the SEC’s trial unit for three years and had been a partner of a Washington law firm, will set national goals and priorities for NASD’s 11 enforcement districts. These decentralized units produced uneven and haphazard enforcement in recent years, according to a report by an NASD-appointed panel led by former U.S. Sen. Warren Rudman of New Hampshire.

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